Each portfolio company generally has dedicated resources that engage with stakeholders on ESG issues and it is in almost all instances incorporated into line management key performance indicators. For example, the CEOs of our investee companies regularly present to community groups and engage directly with broader stakeholders including regulators and politicians on ESG issues. Many of our investee companies operate within a proscribed regulatory environment and as such, there are also dedicated staff for engagement with relevant regulators.
In many instances our portfolio companies have formal community engagement forums set up that provide communities with an opportunity to communicate directly with the senior management of the company about views they may have on the operation, growth and development of our assets. These engagement forums are either set up through open invitation or via formal regulator appointment mechanisms. Community engagement programs may be targeted (for example, in relation to a particular pipeline repair project); periodic (for example, our airport businesses undertake a five-yearly Master Plan process, which involves intensive community consultation); or be more regular and ongoing with a general or varying scope (for example, the ongoing community forums hosted by our storage terminals business).
We are also a member of, or engaged in, a number of forums that bring us in contact with various stakeholders in our investment space. This includes the Investor Group on Climate Change the Long Term Infrastructure Investors Association ("LTIIA"), Investment Leaders Group ("ILG") a project conceived by University of Cambridge and Global Infrastructure Investors Group ("GIIA").